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Article: RFC/RBC EXTEND PROPOSAL DEADLINE FOR OZ MINERALS.

Article from:
AsiaPulse News
Article date:
June 8, 2009
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SYDNEY, June 8 Asia Pulse - The consortium seeking to trump Chinese-owned Minmetals' bid for assets of miner OZ Minerals Ltd (ASX:OZL) has extended its deadline for acceptance, after the OZ Minerals board rejected its offer over the weekend.

The bidding consortium, led by RFC Corporate Finance and RBC Capital Markets, now say their offer will remain on the table until 1700 (AEST) on Thursday, June 11, the day OZ Minerals shareholders meet to vote on the Minmetals bid.

This would allow OZ Minerals to take up their alternative, which emerged late on Friday, should shareholders vote against the Minmetals bid at the miner's annual general meeting at 1030 ...

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